Mongolia

Bank account

TYPE	DESCRIPTION
Area availability	Available across the Mongolia
Service type	C2C / C2B / B2C / B2B
Currency	MNT
Payout channel	Bank Transfer
Transaction turnaround time	Within 15 minutes
Transaction limit	Minimum limit per transaction: MNT 15,000.00 Maximum limit per transaction: MNT 14,000,000.00 Compliance daily limit per beneficiary: MNT 150,000,000.00 *The transaction will be held for review if the sender or receiver exceeds the compliance limit
Amount received	Beneficiary received net amount as specified by sender.
Maximum number of beneficiaries	No limit
Validation	No account validation
Service charge	The transaction fee will be refunded on a best-effort basis after the transaction is accepted by gloRemit and forwarded to the payout channel.
Cancellation	Cancellation is on a best-effort basis.
Remarks	Important notes a) The Sender Address, Beneficiary Address, sContactNum, and bContactNum fields are mandatory for Mongolia Bank Transfer transactions. No default values are allowed b) The refund process will take up to 24 hours to be released.
Do_Transfer bAccType Value	1

No	Name	Issuer Code
1	Arig Bank	976001
2	Bogd Bank	976002
3	Capital Bank of Mongolia	976003
4	Capitron Bank of Mongolia	976004
5	Chinggis Bank	976005
6	Development Bank	976007
7	Golomt Bank	976008
8	Khan Bank	976009
9	National Investment Bank	976010
10	The State Bank	976011
11	Trade and Development Bank of Mongolia	976012
12	TransBank of Mongolia	976013
13	Ulaanbaatar City Bank	976014
14	Xac Bank	976015
15	Ard Credit NBFI	976016
16	Hi payment solution LLC	976017
17	M Bank	976018

TYPE	DESCRIPTION
Area availability	Available across the Mongolia
Service type	C2C / B2C
Currency	MNT
Payout channel	Cash pick-up available at supported outlets
Transaction turnaround time	Within 15 minutes Operating hours: Monday to Friday, 9:00am-6:00pm (GMT+8)* *Operating hours vary across all available cash-pickup locations
Transaction limit	Minimum limit per transaction: MNT 15,000.00 Maximum limit per transaction: MNT 14,000,000.00
Amount received	Beneficiary received net amount as specified by sender.
Maximum number of beneficiaries	No limit
Verification	Beneficiary must provide the following: a) Government ID b) Driving License c) Sender's name d) Name e) Unique Transaction Number
Service charge	The transaction fee will be refunded on a best-effort basis after the transaction is accepted by gloRemit and forwarded to the payout channel.
Cancellation	Cancellation is allowed if the payout remains unclaimed.
Remarks	The Sender Address, Beneficiary Address, sContactNum, and bContactNum fields are mandatory for Mongolia Cash Payment transactions. No default values are allowed
Do_Transfer bAccType Value	5

No	Name	Website	Payout Code Sample	Issuer Code
1	SendMN Cash Payment	https://send.mn/location	SMN10200004	CPMSM

TYPE	DESCRIPTION
Area availability	Available across the Mongolia
Service type	C2C / C2B / B2C / B2B
Currency	USD & MNT
Payout channel	Telegraphic Transfer
Transaction Turnaround Time	T+1 Mongolia business days for USD transaction received before 5pm (GMT+8)* T+3 Mongolia business days for MNT transaction received before 5pm (GMT+8)* *Processing time may vary based on the beneficiary bank's cut-off time
Transaction Limit	Compliance daily limit per beneficiary (USD) 50,000.00 Compliance daily limit per beneficiary (MNT) 150,000,000.00
Amount Received	Beneficiary received net amount as specified by sender
Maximum Beneficiary	No limit
Validation	No system validation on account
Service charge	The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® Service System and forwarded to the payout channel.
Cancellation Process	Cancellation is on best effort basis
Remarks	Transactions sent on Saturdays, Sundays, or public holidays will be processed on the next Monglolia banking day. The beneficiary’s account currency must match the transaction currency (USD or MNT) to ensure successful crediting. Branch code is optional. If provided, it must contain exactly 3 characters to avoid the transaction from being rejected.
Do_Transfer bAccType Value	11

No	Name	Swift Code
1	KHAN BANK JSC	AGMOMNUB
2	ARD CREDIT' NBFI	AREFMNU1
3	ARIG BANK OF MONGOLIA (ARIG BANK LLC)	ARGBMNUB
4	BOGD BANK	BOGDMNUB
5	BANK OF MONGOLIA, THE	BOMUMNUB
6	XACBANK	CAXBMNUB
7	CAPITAL BANK OF MONGOLIA	CBMNMNUB
8	CHINGGIS KHAAN BANK	CHKHMNUB
9	CAPITRON BANK	CPITMNUB
10	DEVELOPMENT BANK OF MONGOLIA	DBOMMNUB
11	SENDMN NBFI	FSNLMNU2
12	GOLOMT BANK OF MONGOLIA	GLMTMNUB
13	M BANK JSC	MBKNMNUB
14	MONGOL POST JSC	MNJSMNU2
15	NATIONAL INVESTMENT BANK OF MONGOLIA	NAIMMNUB
16	STATE BANK	STBMMNUB
17	TRANSBANK	TBOMMNUB
18	TRADE AND DEVELOPMENT BANK JSC	TDBMMNUB
19	TRANSPORT DEVELOPMENT BANK OF MONGOLIA	TRDMMNU1